BTC pullback complete, now ready to head back up


The Bitcoin chart looks ready to head north

After a brief period of consolidation, the price of bitcoin looks ready to start moving back up.

We had the breakout, then the pullback and retest of the that breakout, and now we are breaking that downtrend.

Check it out:

image.png

(Source: https://twitter.com/JesseOlson/status/1459557301098999808/photo/1)

This is exactly the type of price action you expect to see.

As long as bitcoin holds above that breakout point, the path of least resistance is higher...

Next week should be a good one for bitcoin.


Comments 0